How To Attract Great Renters
How do I find a good renter? The first thing I do is make sure the rental is as clean and fresh as possible. Carpets cleaned, walls painted if needed, clean kitchen and bathroom. Don't forget the range and refrigerator if you provide them. Make sure you keep the yard mowed. You need to show that you care about your property.
Once the rental is ready for the market it's time to write your ad and place the sign in the yard. I want as much exposure as possible to get a great renter, so I'm willing to spend a little money on advertising.
My "great renter criteria", which I have in writing, includes copy of paycheck stub or written proof of income to cover the minimum income requirements. Their employment must show stability. I'll also want current and previous landlord references. All adults in the household must pass a background check.
My first contact with any potential renter is by phone. With every serious phone call I always ask a few questions. Are you employed and where, where are you now living, why do you want to move and how many people are in their household. I then inform them of my "great renter criteria". I take my time, return every phone call, keep a log, and treat everyone the same. After they hear my "great rental criteria" for what ever reason they may decide the rental doesn't meet their needs.
Once you have received an application which may pass all your "great renter criteria" it is important to verify the information on their application.
Be sure to get copies of their driver's license and social security card. Call their employer to make sure they are still an employee. Drive by their current address. Is the outside clean and neat? Be sure to run the background check.
Remember to stay the course, take your time and treat everyone the same. Just remember a good tenant can save you thousands.